CR and China Resources Enterprise (CRE) held a joint press conference at China Resources Building in Hong Kong on the morning of April 21. Chen Lang, Deputy Managing Director of CR and Chairman of CRE, and CRE’s chief counsel Yan Biao co-chaired the press conference. Heads of CR Directors’ Office, Legal Department, Finance Department and CRE as well as more than 20 media in Hong Kong attended the conference.

Hong Kong, 21 April 2015 --- China Resources (Holdings) Company Limited (“CRH”) and China Resources Enterprise, Limited (“CRE”, HKEx: 00291) today jointly announced that CRH had made a proposal to purchase the non-beer businesses of CRE for HK$28 billion (the “Possible Disposal”), which will result in the strategic transformation of CRE into a beer-focused company which is the leading brewer in China. The Possible Disposal is subject to independent shareholders approval and ...

Teng Jiacai, Vice Minister of China Food and Drug Administration (CFDA), and his delegation visited CR on April 16. He first inspected the CR Vanguard Superstore outlet at Hewentian Square. Later Chairman Fu Yuning and President Qiao Shibo held discussions with Vice Minister Teng at CR Headquarters.

Chairman Fu Yuning visited Wang Zhanfeng, Director of the Guangdong Office of China Banking Regulatory Commission (CBRC), on April 15. Chairman Fu introduced the recent operation of CR Bank and CR SZITIC Trust, especially the internal changes in CR Bank since its new management team was formed three months ago. He also introduced the future positioning of CR Bank and its exploration of new businesses. Chairman Fu said CR will strongly support CR Bank’s transformation and dev...

President Qiao Shibo met with Pan Liguo, the visiting Mayor of Shenyang, and his delegation on the afternoon of April 14. The two sides exchanged views on further strengthening their cooperation and promoting the construction of new projects.

Chairman Fu Yuning and President Qiao Shibo met with Zhang Ruishu, visiting Mayor of Qinhuangdao, and his delegation in Shenzhen on the afternoon of April 13. The two parties held a friendly conversation on further strengthening their cooperation, and vowed to make joint efforts to push such new projects as gas and beer, actively merge into the macro-landscape of Beijing-Tianjin-Hebei coordinated development, and discuss and promote win-win cooperation in more new areas.

Chairman Fu Yuning met with Wang Guoqiang, visiting Deputy Director of National Health and Family Planning Commission (NHFPC) and Commissioner of the State Administration of Traditional Chinese Medicine (SATCM), and his delegation on the afternoon of April 12.

Chairman Fu Yuning and President Qiao Shibo met with Xiao Shengfeng, the visiting Mayor of Dalian, and his delegation in Shenzhen on the morning of April 12. The two sides held in-depth discussions and reached consensuses on promoting more extensive and profound cooperation.

President Qiao Shibo visited Chen Haibo, member of Heilongjiang CPC Standing Committee and Secretary of Harbin CPC Committee, and other leaders in Harbin on April 2. The two sides held discussions on further expanding the cooperation between CR and Harbin.

Peng Chun, chairman of the Bank of Communications, visited CR and met Qiao Shibo on March 27.Qiao Shibo welcomed Peng Chun’s arrival. He briefly introduced the diversified business and management structure of CR and said the Bank of Communications is one of the company’s strategic partners. The two sides have considerable scope for cooperation. He hoped to strengthen mutually-beneficial cooperation by employing respective advantages.